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Kobie Marketing Reaffirms Presence in St. Petersburg, Florida with Office Expansion in City Center

St. Petersburg, FL. – June 2, 2013Kobie Marketing, a recognized leader in the loyalty marketing industry based in St. Petersburg, Fla., has recently renewed and expanded its marquee presence in the City Center office complex in the Downtown Central Business District.

Since its inception, Kobie has been committed to Downtown St. Petersburg and has participated in its renaissance as a high-growth company offering desirable marketing and technology jobs to the community’s workforce.  As a result of Kobie’s continued year-over-year company growth and expanding workforce however, the need for a larger collaborative environment became apparent, as the space which the company occupied for the past decade could no longer support the brand.

Michael Hemsey, President of Kobie Marketing, remarked: “We used this time as an opportunity to evaluate our workplace needs, and determine where would be the best place for our employees to continue their great work.  At the end of this period it was clear that our employees loved the energy and environment of Downtown St. Petersburg and we went with the choice that would fit with our creative, nurturing company culture.”

Larry Feldman, CEO of Feldman Equities and co-owner of City Center commented,  “We look forward to serving Kobie as a long term tenant at City Center and we’re thrilled to accommodate Kobie’s expansion.”  With a firm desire to remain in the Downtown St. Petersburg area, an exhaustive search executed by the company’s leadership and real estate advisors, Kobie determined that the best fit for the brand and its 110 employees is to remain and grow at City Center.

The newly designed and expanded workspace being delivered in the months ahead will span nearly 26,000 square feet and include a rooftop terrace, soon to be known as the Kobie Oasis. This new space will foster creativity, while helping to attract and retain the brightest talent – enabling Kobie’s continued business success.

“The company and our employees are deeply rooted in the St. Petersburg community and couldn’t be happier to begin this new chapter in Kobie’s future at City Center,” says Hemsey.

Kobie Marketing was represented by David Box of Box Realty Advisors with assistance from
Lyle Fogarty at Redstone.  City Center was represented by the owner, Larry Feldman of Feldman
Equities, Inc.

City Center, a multi-tenanted, Class-A office complex recently underwent a multi-million dollar renovation.  The building occupancy has gone from 44% at acquisition at the end of 2010 to over 93% presently.  City Center is owned by a joint venture consisting of affiliates of Second City Capital Partners, Feldman Equities, Inc., and Tower Realty Partners, Inc.  On-site building amenities include a state-of-the-art fitness center, a full time concierge , an Atrium Café, a large conference center capable of seating 65 people with Wi-Fi and audiovisual equipment, on-site banking and a recently renovated six-story parking garage. These amenities are in addition to all of the waterfront retail and dining options located within walking distance.  More information can be found on the City Center website www.citycenterstpete.com.

About Kobie

Kobie Marketing is a global leader in loyalty marketing and an industry pioneer, delivering end-to-end strategy, technology and program management solutions. For nearly 25 years, Kobie has provided innovative loyalty experiences to the world’s most successful brands, helping clients receive incremental revenue, product and household penetration, and brand advocacy. Kobie drives results and ROI through Kobie Alchemy®, a best-in-class loyalty marketing technology platform. To learn more, visit http://www.kobie.com.

About Feldman Equities, Inc.

Feldman Equities is the modern business entity that encompasses a century of success in commercial real estate development. In the last 25 years, Larry Feldman has developed or acquired over 11 million square feet of office and retail properties with an aggregate value in excess of $2.5 billion. Feldman Equities is recognized for its hands-on approach to turning around distressed assets. Feldman gained a national reputation as a property turnaround specialist when he was the Chairman and CEO of the publicly traded Tower Realty Trust, Inc. (NYSE: TOW).

About Tower Realty Partners

Tower Realty Partners is an Orlando-based commercial real estate owner focusing on value-added opportunities throughout the state of Florida. Tower’s principals are Cliff Stein and Reid Berman. Since its inception, Tower has acquired over $1 billion of office properties. Currently, Tower’s assets consist of nearly 4 million square feet office property throughout the state of Florida.

PRESS CONTACTS

Feldman Equities – Larry Feldman, 727-822-3395 lfeldman@feldmanequities.com